Copperbelt Energy Corporation Plc, EnergyJanuary 4, 2020

CEC Zambia Plc signals acknowledgment to the ‘end of an era’
The only electricity generating company listed on the Lusaka Securities and Exchange has advised shareholders and stakeholders that the contract they have with national utility that provides it with the power it supplies both to domestic mining companies and exports to the Congo will be ending in March this year. CEC Plc which has prided […]

Energy, Puma Energy (Z) PlcNovember 26, 2019

Puma Energy Zambia Board announces Charmetant departure
Oil marketing company Puma Energy Zambia Plc has announced the resignation of Gregoire Charmetant as a director on the board, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Gregoire […]

Economy, Energy, OpinionNovember 14, 2019

Mitigating the power deficit
–This article was originally published in Nkwazi Magazine It goes without saying that to ensure sustainable economic development, consistent electricity supply is necessary. While Zambia faces challenges in the provision of constant electricity supply, there are some signs of progress. An estimated 92 percent of the power generated in Zambia is hydroelectric, while the remainder […]

Copperbelt Energy Corporation Plc, EnergySeptember 29, 2019

CEC Zambia Plc and ZESCO Limited in arbitration over debt
Mining and export Power utility, CEC Zambia Plc, has informed its stakeholders that it has received notice of intention to arbitrate from ZESCO Limited over failure to liquidate debt it owes its main supplier and wheeler of power, according to a statement from the company.   “In accordance with Section 3.4(b) of the Lusaka Securities […]

Copperbelt Energy Corporation Plc, EnergySeptember 22, 2019

CEC Africa set for another weak 6 month performance on account of low Nigerian electricity tariffs
CEC Africa’s woes are poised to continue as the company reports another half-year of weak financial performance from their Nigerian operations.   “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements the Board of Directors of CEC Africa Investments Limited hereby advises the Shareholders of the Company that the Earnings Per Share […]

Energy, Puma Energy (Z) PlcSeptember 17, 2019

Puma records increased revenue at half-year 2019
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]

Copperbelt Energy Corporation Plc, EnergySeptember 9, 2019

Adjusting to new mining tax regime hurting CEC customers; CEC 2019 Half year Report
Zambia’s largest supplier of power to the mining companies, CEC Zambia Plc, has reported a 10% reduction in consumption of energy by its clients due to protraction in the making adjustments to the new mining tax regime, according to the company in its half-year performance review for 2019.   “Our customers consumed about 10% less […]

Copperbelt Energy Corporation Plc, EnergyAugust 27, 2019

CEC posts lower earnings per share on account of defaulting customer
Electricity supply company, CEC Zambia Plc., expects to post weaker results at half year 2019 due to weaker collections caused by delayed payments from one of its customers. “In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the shareholders of CEC (“the Company”) that for the six months […]

EnergyApril 18, 2019

CEC Africa’s Nigeria adventure continues to suffer
CEC Africa’s Nigerian operations have continued to be tempered by challenges it is facing in Nigeria where the company’s operations are domicile. The group has faced a myriad of challenges that include non-cost reflective tariffs, partial implementation of the Power Sector Recovery Program and nonpayment of electricity bills by government agencies which has become a […]

Copperbelt Energy Corporation Plc, EnergyMarch 12, 2019

CEC Zambia – Analysis of 2018 Performance
Corporate Bio The core business of CEC Zambia is to supply power to copper producing mines on the Copperbelt Province of Zambia and other related mining companies in the Democratic Republic of Congo (DRC) in conjunction with SNEL that country’s state utility company. CEC has two incorporated subsidiaries namely CEC-Kabompo Hydro Power Limited (CEC-KHPL)  and […]